China Sodium Nitrite Market Size & Outlook, 2023-2030
China sodium nitrite market, 2018-2030 (US$M)
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China sodium nitrite market highlights
- The China sodium nitrite market generated a revenue of USD 219.2 million in 2023 and is expected to reach USD 299.4 million by 2030.
- The China market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, food & beverages was the largest revenue generating grade in 2023.
- Other Applications is the most lucrative grade segment registering the fastest growth during the forecast period.
Sodium nitrite market data book summary
| Market revenue in 2023 | USD 219.2 million |
| Market revenue in 2030 | USD 299.4 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Other Applications |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Corrosion Inhibitors, Dyes & pigments, Pharmaceuticals, Other Applications |
| Key market players worldwide | ICL Group Ltd, Basf SE, SABIC, Deepak Fertilisers, Jiangsu Fengshan Group, UralChem, Radiant Indus Chem |
Other key industry trends
- In terms of revenue, China accounted for 53.0% of the global sodium nitrite market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sodium nitrite market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 86.1 million by 2030.
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
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China sodium nitrite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sodium nitrite market will help companies and investors design strategic landscapes.
Food & beverages was the largest segment with a revenue share of 25.5% in 2023. Horizon Databook has segmented the China sodium nitrite market based on food & beverages, corrosion inhibitors, dyes & pigments, pharmaceuticals, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
China is the world's largest consumer market for food and beverages. Increasing domestic population and rising per capita disposable income are expected to drive the food and beverage market. Fast-paced life has changed the dietary plan of Chinese consumers. Consumers have shifted their interest towards processed food overcooking food themselves.
Processed meat is a major segment in the food & beverage sector. Advancement in meat processing technologies to meet the demand is boosting the demand for the product. The processed meat market of China majorly includes beef, pork, poultry, mutton, and others. They are easily available at the convenience store, supermarkets, butchers, and others.
China has the second-largest pharmaceutical sector across the globe. An increase in health awareness post-COVID has been dominating the market recently. Over-the-counter (OTC) medicines and generic medicines sales are on the rise with the acceptance of self-medication by the population. Companies are continuously involved in R&D to manufacture advanced medicines to cure the disease.
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Our clientele includes a mix of sodium nitrite market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into China sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China sodium nitrite market size, by grade, 2018-2030 (US$M)
China Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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